F&M Bank Combines Technological Advances with Personal Service
With advanced technology, a friendly and well-trained staff, and convenient customer services, it’s no surprise that Farmers & Merchants Bank of Central California is celebrating 100 years this year, including more than 60 years of serving Modesto.
“F&M Bank has all the technological advantages of the big banks, but has maintained the old-fashioned personal service and flexibility that citizens received from banks years ago,” said Jared G. Steinwert, senior vice president, Modesto market manager of the Modesto main branch. “The tradition of neighborhood banking continues at F&M, and we are leading the way with innovative products including the recent introduction of new consumer and business free checking accounts.”
Founded in 1916, F&M is publicly traded on the OTC Exchange under the symbol FMCB, but remains locally owned by over 1,600 families throughout the Central Valley. F&M has the highest possible ratings for safety and soundness, a long history of being profitable, and approximately $2.7 billion in assets as of June 30, 2016.
The bank offers a full complement of loan, deposit, equipment leasing, and treasury management products to businesses and farmers, in addition to a full suite of consumer banking products for local residents.
As of November, F&M Bank will have 28 locations throughout the Central Valley and the East Bay Area, including four branch locations in the Modesto area at McHenry Avenue, Carpenter Road, Dale Road and in Riverbank.
“Farmers & Merchants Bank is committed to Stanislaus County and the prosperity of its citizens, farms, and businesses,” Steinwert said. “In 2014 and 2015 the bank provided over $114 million in loans, invested a total of $9.5 million in the Modesto area, and made donations totaling $133,302 to local nonprofit and civic organizations.”
F&M also supported eligible first-time homebuyers through $150,000 in Workforce Initiative Subsidies for Homeownership grants to Habitat for Humanity of Stanislaus families, as well as other eligible first-time homebuyers.
F&M also has a long history of community service in Modesto, with bank employees volunteering more than 2,000 hours to nonprofit organizations in Stanislaus County like the Boys and Girls Club, Center for Human Services, and Sierra Vista Child and Family Services.
“As F&M begins its next century of operation, we remain committed to serving Modesto and Stanislaus County as a true community bank where tellers will know you by name and you will rarely wait in line,” Steinwert concluded.
“Loan decisions will be made locally by individuals who understand the unique conditions that local business owners, farmers, and residents face, and the bank’s full line of products and services will be adjusted over time to ensure that the needs of local businesses and consumers are met,” Steinwert added. “We will work hard to maintain our customers’ trust by standing by every promise we make and by doing our best to exceed their expectations.”
For more information about F&M Bank,
By Jacqui D. Sinarle